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earlier we spoke to steve, a professor of economics and finance at the university of western sydney, author of the book "debunking economics." >> the entire structure of so- called verifying the authenticity of financial instruments is entirely structurally corrupt. a civil suit like this should only be the beginning. there should be people behind the jail for what happened this time around. literally, only burning made off has been -- bernie madoff has been jailed in the middle of this crisis. >> the shares of the parent company of standard and poor's, mcgraw hill, took a beating, dropping nearly 14%. moody's and dropped nearly 11 cents. the forced labor scandal in dublin, we have a long way to the report on alleged abuse and injustice. how are british scientists settling into their new home on an ice shelf in antarctica? ♪ >> hello, more unsettled weather working its way across europe, this system has given us a lot of wintry weather over the eastern parts, including moscow. there is an awful lot of heavy snow. here are the pictures coming out of moscow, that man is practically s
earlier we spoke to steve, a professor of economics and finance at the university of western sydney, author of the book "debunking economics." >> the entire structure of so- called verifying the authenticity of financial instruments is entirely structurally corrupt. a civil suit like this should only be the beginning. there should be people behind the jail for what happened this time around. literally, only burning made off has been -- bernie madoff has been jailed in the middle...
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Feb 9, 2013
02/13
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. >> steve: yay! >> jimmy: everybody's talking about this big winter storm that could dump three feet of snow on the east coast and knock out power to 24 million people. to put things in perspective, that's about six beyonce halftime shows. [ laughter ] the storm is a big deal. in fact, i heard the weather channel is expecting totals of 12 to 20 viewers. [ laughter ] >> steve: that's a lot. >> jimmy: that's what i heard. it's a lot. that's right. the northeast is bracing for an historic winter storm this weekend. so, we went to the streets to find out what people are doing to prepare, and it seems like everyone is taking the necessary precautions. check it out. >> what are you doing to prepare for the winter storm? >> i'm stocking up on canned goods in case the gas goes out. [ laughter ] >> i bought some batteries and a few flashlights. [ laughter ] bottled water. definitely stocking up on bottled water. taxi! [ laughter ] [ cheers and applause ] >> jimmy: i don't think no one cares. no one looks -- n
. >> steve: yay! >> jimmy: everybody's talking about this big winter storm that could dump three feet of snow on the east coast and knock out power to 24 million people. to put things in perspective, that's about six beyonce halftime shows. [ laughter ] the storm is a big deal. in fact, i heard the weather channel is expecting totals of 12 to 20 viewers. [ laughter ] >> steve: that's a lot. >> jimmy: that's what i heard. it's a lot. that's right. the northeast is bracing...
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>> steve: is it? i think it has to be. >> jimmy: or is it, yeah. >> steve: it has to be. >> jimmy: it has to be one, right? >> steve: come on. two for one. ♪ [ light laughter ] >> jimmy: thank you, flowers, for being the perfect way to say, "my love for you is beautiful and will die very soon." [ laughter ] [ applause ] ♪ [ laughter ] thank you, lottery scratch-offs, for basically saying, "hey, you wanna throw away your money and make a mess?" [ laughter and applause ] [ cheers and applause ] i like those things. ♪ thank you, soccer players who do flips to celebrate goals, for making me feel like i'm watching a real life game of foosball. [ laughter ] [ cheers and applause ] ♪ thank you, subs, for either being a sandwich, a battleship or a teacher who just shows movies all day. there you guys go. those are my thank-you notes. [ cheers and applause ] we'll be right back with more "late night," everybody. [ cheers and applause ] ♪ ♪ i -- i got it, i got it made ♪ i got it made, i got it ma
>> steve: is it? i think it has to be. >> jimmy: or is it, yeah. >> steve: it has to be. >> jimmy: it has to be one, right? >> steve: come on. two for one. ♪ [ light laughter ] >> jimmy: thank you, flowers, for being the perfect way to say, "my love for you is beautiful and will die very soon." [ laughter ] [ applause ] ♪ [ laughter ] thank you, lottery scratch-offs, for basically saying, "hey, you wanna throw away your money and make a...
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Feb 4, 2013
02/13
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>> we are counting on you steve. >> i think i do. we have some low clouds and fog around but it is coastal low clouds and fog but it will be a little bit sunny, mostly sunny, there is a pretty good system to the north and it is later in the north and we will get to that, it is mid-50s and lower 60s today. >>> driving to the tunnel in walnut creek is a nice drive and also the morning commute looks good on the sunole grade heading to san jose, let's go to the desk. >>> the 49ers came this close to pulling off the greatest come back in super bowl history but it is the baltimore ravens who are now the new champions of pro-football. [applauds] >> and the ravens have won it... >> reporter: at one point they led 28-6 and no team ever came back from more than a 10 point deficit to win the super bowl but the 49ers roared back in the second half and the thrilling rally ended five yards short less than two minutes to go and look at this play, right there, ravens won 34-31. >>> oh, yeah, last night fireworks lit up the sky in many parts of san f
>> we are counting on you steve. >> i think i do. we have some low clouds and fog around but it is coastal low clouds and fog but it will be a little bit sunny, mostly sunny, there is a pretty good system to the north and it is later in the north and we will get to that, it is mid-50s and lower 60s today. >>> driving to the tunnel in walnut creek is a nice drive and also the morning commute looks good on the sunole grade heading to san jose, let's go to the desk....
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Feb 8, 2013
02/13
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let's bring in steve liesman. steve, you've had a listen to what the traders have to say. there was some data out this morning that suggests that that lousy gdp number wasn't great, wasn't as lousy. >> you know, my 99% agreement with the traders is going to take a serious statistical decline right now. i'm in bold disagreement with, first of all, josh saying if you don't follow the gdp numbers -- i think if you don't -- >> i said don't follow -- >> 70% of stock movement is on the macro call here. even more so than -- what is the beta out there? most stocks move together as a unit in sync with -- >> let me clarify. i agree with you. it's important to follow. what i'm saying is don't time bias and sells. >> i agree with that. >> china grew at 7% last year, the shanghai was down. greece had gdp shrink and the market was up 30%. how can we possibly say there's a statistical correlation to stock market -- >> you do want to be on the right side of the curve -- >> you want to be aware. >> more than aware. >> greece had shrinking gdp and its stock market went up 30% last year. >>
let's bring in steve liesman. steve, you've had a listen to what the traders have to say. there was some data out this morning that suggests that that lousy gdp number wasn't great, wasn't as lousy. >> you know, my 99% agreement with the traders is going to take a serious statistical decline right now. i'm in bold disagreement with, first of all, josh saying if you don't follow the gdp numbers -- i think if you don't -- >> i said don't follow -- >> 70% of stock movement is on...
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Feb 4, 2013
02/13
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gretch, steve? >> steve: thank you very much, brian. there he is. >> gretchen: coming up next, sorry you can't say freshman or penmanship anymore because it's just too offensive. one state's move to wipe out words like that. >> steve: then, shifting gears, al gore says it's fox news' fault lawmakers in washington can't get anything done. really? from the same guy who just sold his network to al-jazeera? come on, al. >> gretchen: the aflac trivia question of the day. this rocker penned a hit song "school's out." who is he? be the first to e-mail us with the correct answer at 1:45, the aflac duck was brought in with multiple lacerations to the wing and a fractured beak. surgery was successful, but he will be in a cast until it is fully healed, possibly sever months. so, if the duck isn't able to work, how will he pay for his living expenses? aflac. like his rent and car paymets? aflac. what about ga and groceries? aflac. cell phone? aflac, but i doubte'll be using his phone for quite a while cause like i said, he has a fractured beak. [ m
gretch, steve? >> steve: thank you very much, brian. there he is. >> gretchen: coming up next, sorry you can't say freshman or penmanship anymore because it's just too offensive. one state's move to wipe out words like that. >> steve: then, shifting gears, al gore says it's fox news' fault lawmakers in washington can't get anything done. really? from the same guy who just sold his network to al-jazeera? come on, al. >> gretchen: the aflac trivia question of the day. this...
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Feb 7, 2013
02/13
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steve is live in chicago. 's got more on that. steve? >> thanks very much. we sat down exclusively with chicago fed president charles evans. he is the man who's done more than anyone else bring about the fed quality for the ease of hitting economic targets, specifically the unemployment rate. he said it is working, in his opinion. and he citing the rerival of the housing sector and the fed will be doing qe for quite sometime. how long? well, we asked him, how long until the unemployment rate comes down and shows what he calls substantial improvement? >> the investment climate seems to be one where people are increasingly understanding that very low interest rates on super safe assets are going to be around for a while. and if they are worried about that, they need to take on more risk and taking on more risk will help get the 50e con my growing. >> in another part of the intertrue we ask charlie evans about reports regarding hacking into the federal reserve's website. and he explains that he had just recently been briefed on it, but here is the information t
steve is live in chicago. 's got more on that. steve? >> thanks very much. we sat down exclusively with chicago fed president charles evans. he is the man who's done more than anyone else bring about the fed quality for the ease of hitting economic targets, specifically the unemployment rate. he said it is working, in his opinion. and he citing the rerival of the housing sector and the fed will be doing qe for quite sometime. how long? well, we asked him, how long until the unemployment...
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Feb 4, 2013
02/13
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steve's going to lead this. you'll follow up with this conversation here. >> yes, we will. >> "squawk" will be right back. >>> making headlines this morning, a new twist at the center of the government's insider trading case against a former portfolio manager at s.a.c. it includes a trade that directly involves steven cohen, and possible line of defense they may take for the portfolio manager, and more importantly may raise questions about whether the government could build a case against cohen. federal prosecutors have claimed s.a.c. dumped too many shares in 2008 after the former employee matthew martomo received secret information from a doctor about a drug. they said s.a.c. shorted the stock after the announcement of bad news. but trading records reportedly indicate the hedge fund did not have a negative bet in place, in advance of the announcement of the drug trial's disappointing results. the records now indicate s.a.c. had no exposure, changing the narrative over what was happening here. often times, hedg
steve's going to lead this. you'll follow up with this conversation here. >> yes, we will. >> "squawk" will be right back. >>> making headlines this morning, a new twist at the center of the government's insider trading case against a former portfolio manager at s.a.c. it includes a trade that directly involves steven cohen, and possible line of defense they may take for the portfolio manager, and more importantly may raise questions about whether the government...
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bush and steve camerota, center for immigration studies. what do you think about this idea that immigration reform would help reduce the deficit. do you buy that? >> you know, ieally don't. not under president obama and his sort of spend habits. but what i do think is goi to happen when you look at congress, they're going to view this immigration reform package and figure out a way, they will need to figure out a way to make it as revenue neutral as possible or reduce deficits. there will be a cost associated with implementing any form of this immigration reform. in 2006 we saw the cbo came out saying that the plan that president bush had proposed was going to basically raise e deficit $18 billion. but again, there will be questions that need to be hammered out with the deils of an immigration reform package. melissa: christian, it is so hard to quantify what this really means. if you make more immigrants legal, that is more stress on the system. they will use more social services but it is also a higher tax base. how do you think it net as
bush and steve camerota, center for immigration studies. what do you think about this idea that immigration reform would help reduce the deficit. do you buy that? >> you know, ieally don't. not under president obama and his sort of spend habits. but what i do think is goi to happen when you look at congress, they're going to view this immigration reform package and figure out a way, they will need to figure out a way to make it as revenue neutral as possible or reduce deficits. there will...
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(steve groans) i killed my homework! (chattering) (steve gasps) it's unsinkable! i should get an a-plus! uh-huh! (both gasp) quick! catch it! (george hoots, pants) oh...! whoa! aw, look at it take those rapids! i am a master barge builder. (hooting, chattering) oh, yeah-- the boat. i'll probably get an a-plus-plus if i can ever catch it. ah! (yells) whoa! whoa! (both yelling) (groans) great, george-- we'll cut it off at the pass! (grunts) but... we need something to catch it with. let's use this. (grunting with effort) help me out, will ya? huh? ah. right. uh-oh. (chattering) aw...! (gasps) george! it's getting away! (george chattering) (echoes): oh, no! aah...! steve: excuse me. pardon me. coming through. history homework on the loose. (grunting) i got it! (george screams) steve's boat was a goner. (george yells) or it would have been, if the drain had been draining. but it wasn't. (relieved sighs) until someone cleaned it. no...! hang on, kid. you can't go down there. (moans) uh, you don't understand. my history homework is in there, and i've just gotta get it b
(steve groans) i killed my homework! (chattering) (steve gasps) it's unsinkable! i should get an a-plus! uh-huh! (both gasp) quick! catch it! (george hoots, pants) oh...! whoa! aw, look at it take those rapids! i am a master barge builder. (hooting, chattering) oh, yeah-- the boat. i'll probably get an a-plus-plus if i can ever catch it. ah! (yells) whoa! whoa! (both yelling) (groans) great, george-- we'll cut it off at the pass! (grunts) but... we need something to catch it with. let's use...
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Feb 5, 2013
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steve? >> thank you, andrew. more than 71,000 fans were left in the dark at the super bowl on sunday. among them, a man with a unique perspective on the issue, david crane, nrg energy president and ceo. so, david, you have a plan, or something that's already in place, right, which is to bring solar power to metlife stadium, which is where there's -- the super bowl next year is going to be. >> yes, well metlife stadium has 1300 solar panels around the top of the stadium and they power the l.e.d. lighting. and then 25 times more power than the l.e.d. lighting so they add power to the full stadium. >> i have to say something, which is that my band just got a series of l.e.d. lights. they're amazing. this is a huge revolution in lighting. they're this big, they're really thin. they take no power. they're not hot. so that's part of why you could do this. how -- give us an idea, what is 1300 solar panels by way of power? how many homes is that? give us a context for that? >> well, in this case it'
steve? >> thank you, andrew. more than 71,000 fans were left in the dark at the super bowl on sunday. among them, a man with a unique perspective on the issue, david crane, nrg energy president and ceo. so, david, you have a plan, or something that's already in place, right, which is to bring solar power to metlife stadium, which is where there's -- the super bowl next year is going to be. >> yes, well metlife stadium has 1300 solar panels around the top of the stadium and they...
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Feb 1, 2013
02/13
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let's go to steve. >> thank you, sal. >>> good morning. a little bit more fog on this friday morning. patrick redwood shores says a little bit around san mateo, fc, foster city, but clear south of the bridge. so for some there's pockets of it. i know on the hayward side there's fog. concord, livermore, napa, santa rosa. yesterday, it was the north bay. patchy fog but hazy and warm. mostly sunny. higher clouds. next rain, thursday, friday. next thursday, friday. although it's looking more like a colder system than a rainy system. we need the rain. if you thought where is the breeze, there has not been much. others in the east bay, have a pretty good offshore wind continuing. that for shom the offshore breeze is in place. that means the coast has really nice weather. temperatures on the lows are even warmer that morning than yesterday it will be sunny. mostly cloudy. there's some higher clouds. i think most of those day towards more central california. 30s for some. 49. redwood city, san rafael is at 41. livermore is 32. so some of those hig
let's go to steve. >> thank you, sal. >>> good morning. a little bit more fog on this friday morning. patrick redwood shores says a little bit around san mateo, fc, foster city, but clear south of the bridge. so for some there's pockets of it. i know on the hayward side there's fog. concord, livermore, napa, santa rosa. yesterday, it was the north bay. patchy fog but hazy and warm. mostly sunny. higher clouds. next rain, thursday, friday. next thursday, friday. although it's...
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Feb 6, 2013
02/13
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my bet is this stock goes higher tomorrow and you say, steve, you're right. >> last word to you, doc. >> i'm hoping i won't have to say steve, you're right, something i haven't done before and hoping this won't be the first time. >> and now twho made the more compelli compelling argument? >> the doc did. too much risk on green mountain coffee. if i want my coffee trade will look at sjm or starbucks. >> since the beginning of january nearly 250 stocks in s&p 500 have hit newhighs, many names you probably have in your portfolios. we will trade some names and put them on the wall. have a look at these names. which stocks have hit new highs. >> jpmorgan, one of the names we talked about. i think this name will be in the 50s before you blink and will happen very soon. we had a debate on netflix. i think it is on its way towards 200. on its way now, $183. i know there's a big short and part of why it's moving up the way it is. i realize it was under 100 before earnings but i think it has 200 written all over it. >> goldman sachs, picking up incredible amounts of market share. i think there
my bet is this stock goes higher tomorrow and you say, steve, you're right. >> last word to you, doc. >> i'm hoping i won't have to say steve, you're right, something i haven't done before and hoping this won't be the first time. >> and now twho made the more compelli compelling argument? >> the doc did. too much risk on green mountain coffee. if i want my coffee trade will look at sjm or starbucks. >> since the beginning of january nearly 250 stocks in s&p 500...
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Feb 6, 2013
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steve in florida. steve? >> caller: hello? >> hi, steve, you're up. >> caller: okay. b-b-b-boo-yah. >> i'm liking that completely. >> caller: i got blackrock kelso. >> i don't know blackrock kelso. no, i don't know it. i've got to do homework on it. let's go to john in washington. john? >> caller: boo-yah to the all-seeing, all-knowing great jim cramer. >> well, thank you. >> caller: you're the best, baby. you're entertaining and informative just like you say. >> i sure try. >> caller: i want to give your eagles a kudos for picking that oregon coach. he's a winner. >> chip kelly, i like him. breaking that story with mort, what's up? go ahead. >> caller: dvax. >> we said it was a speck, it is coming back, it's now up a dollar from where it blew up. i want to stay long dvax. barbara in illinois, please, barbara? >> caller: yes, sir. >> go ahead, barb. >> caller: jim, i have a question about cognizant technology. >> oh, i like that. and i like it a lot, but you know what? i saw an opportunity today, bill mcdermott's s.a.p. he's co-ceo, down from 83.60 to 80. pull the tri
steve in florida. steve? >> caller: hello? >> hi, steve, you're up. >> caller: okay. b-b-b-boo-yah. >> i'm liking that completely. >> caller: i got blackrock kelso. >> i don't know blackrock kelso. no, i don't know it. i've got to do homework on it. let's go to john in washington. john? >> caller: boo-yah to the all-seeing, all-knowing great jim cramer. >> well, thank you. >> caller: you're the best, baby. you're entertaining and informative...
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Feb 8, 2013
02/13
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steve? >> more now from jeremy siegel. let's talk high finance theory here, which the academic world has advice for investors. and it's simple advice, complicated to execute, is the best portfolio, the pair time portfolio, the u taupe onportfolio is one that owns the world. >> right. >> and the conclusion of most academics is that most people are short the world. >> yes. >> so let's talk about your portfolio and how you own the world. do you own it in terms of gdp, do you own it in terms of growth? how should people go about owning the world, and why should they? >> why should they own the world is easy. right now over half the world's gdp is produced outside the developed countries. outside of japan. outside of europe and the united states. so, you know, and it was only one quarter 30 years ago, in 20 years it's going to be two thirds, and then in 30 and 40 it's going to be three quarters. so the world is changing dramatically. you've got to own the world. not only is that where the growth
steve? >> more now from jeremy siegel. let's talk high finance theory here, which the academic world has advice for investors. and it's simple advice, complicated to execute, is the best portfolio, the pair time portfolio, the u taupe onportfolio is one that owns the world. >> right. >> and the conclusion of most academics is that most people are short the world. >> yes. >> so let's talk about your portfolio and how you own the world. do you own it in terms of gdp,...
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Feb 6, 2013
02/13
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steve sensteve steve centanni. >> reporter: vermont independent bernie sanders said this will send the post office into a death spiral. white house press secretary jay carney received to prefer a more comprehensive approach to postal reform. >> it would be our preference that that package of reforms be implemented for the sake of a stronger future of the postal service. we're looking at this particular action now and, you know, i can't really evaluate it yet since we just found out about it yesterday. >> republicans largely applaud the post office for bein propro active in the face of difficult budget constraints. >> the congress in its wisdom has tied their hands every which way for them to actually run the post office in a revenue newt nl way. congress needs to afnlgt no question about that. >> the post office has taken the initiative and is looking for ways to cut costs and looking at ways of saving $2 billion. it doesn't get us all the way there, but it's a good start. >> that's just a sampling of some of the reaction you heard on capitol hill, shep. >> what about reaction from let
steve sensteve steve centanni. >> reporter: vermont independent bernie sanders said this will send the post office into a death spiral. white house press secretary jay carney received to prefer a more comprehensive approach to postal reform. >> it would be our preference that that package of reforms be implemented for the sake of a stronger future of the postal service. we're looking at this particular action now and, you know, i can't really evaluate it yet since we just found out...
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Feb 7, 2013
02/13
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steve over to you first, 30 seconds on the clock. what's your dollar trade tomorrow? >> we're watching the euro dollar. we think that's the most important thing. the equity markets the tail. we're being wagged around. all about central banks as jim was referring to you earlier on the show. we really think that right now the u.s. is the only central bank towards hinting at ending their quantitative easing so we think if the euro dollar breaks 133 we could see finally a selloff that holds in the u.s. >> thank you so much. mike, you're up, your case on why you think china is worth watching. >> with china's economic growth seemingly back on track and because the markets are closed all of next week for the newyear's holiday, we'll watch again tonight when they release their cpi data. this month it's expected around 2%. if they come in above expectations again, we'll watch very closely to see what the people's bank of china has to say about things like lending curves. obviously this is something that has the ability to impact market movement in the morning. >> all right. we
steve over to you first, 30 seconds on the clock. what's your dollar trade tomorrow? >> we're watching the euro dollar. we think that's the most important thing. the equity markets the tail. we're being wagged around. all about central banks as jim was referring to you earlier on the show. we really think that right now the u.s. is the only central bank towards hinting at ending their quantitative easing so we think if the euro dollar breaks 133 we could see finally a selloff that holds...
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melissa: steve, wow, quite a story m thanks so much. now turning to today's market moment. the blizzard slamming the northeast led to aquiet day on the wall street. dow briefly crossed the 14,000 mark, all three majors posted modest gains. the dow, however, snapped a five-week winning streak. meanwhile, nasdaq and s&p 500 had sixth straight weekly gains. next on "money," the roof is blown off in a legal arms smuggling operation by iran, but it reveals a bigger plot o shake up the middle east. we have alarming details coming up. plus, blizzards are annoying, but this time it is personal. why this massive storm is making one very sad 5-year-old boy in florida. more "money" straight ahead. more "money" straight ahead. ♪ this is $100,000. more "money" straight ahead. ♪ we asked total strangers to watch it for us. thank you so much. i appreciate it. i'll be right back. they didn't take a dime. how much in fees does your bank take to watch your money? if your bank takes more money than a stranger, you need an ally. ally bank. your money needs an ally. melissa: turning now to
melissa: steve, wow, quite a story m thanks so much. now turning to today's market moment. the blizzard slamming the northeast led to aquiet day on the wall street. dow briefly crossed the 14,000 mark, all three majors posted modest gains. the dow, however, snapped a five-week winning streak. meanwhile, nasdaq and s&p 500 had sixth straight weekly gains. next on "money," the roof is blown off in a legal arms smuggling operation by iran, but it reveals a bigger plot o shake up the...
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Feb 4, 2013
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pete and steve clash over whether you should buy shares of the social media giant. that street fight is up next. hello! how sharp is your business security? can it help protect your people and property, while keeping out threats to your operations? it's not working! yes it is. welcome to tyco integrated security. with world-class monitoring centers and thousands of qualified technicians. we've got a personal passion to help your business run safer, smarter, and sharper. we are tyco integrated security. and we are sharper. >>> facebook getting soft. shares off more than 13% over the past five sessions, leaving some to question the stamina of facebook's recent rally. the activity sparking a street fight. pete is the bull, steve is the bear tonight. we've got 80 seconds -- >> 80 seconds? >> i think it's 90 seconds. pete, you're up first. >> let's a very difficult bull argument right now. if you are looking at valuation, it's very difficult. but when you look at what they've been able to do, mark zuckerberg came out, everybody wanted him to produce with mobile. he's don
pete and steve clash over whether you should buy shares of the social media giant. that street fight is up next. hello! how sharp is your business security? can it help protect your people and property, while keeping out threats to your operations? it's not working! yes it is. welcome to tyco integrated security. with world-class monitoring centers and thousands of qualified technicians. we've got a personal passion to help your business run safer, smarter, and sharper. we are tyco integrated...
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i'm in, steve rattner. fine, president obama. actually the bailout with the auto companies started with president bush. let's get to when you first walked into the renaissance center. you started asking people, that is one of my favorite chapters in the book. tell me what you do and tell me whom you report. some people couldn't even give you a straight answer. >> that's true. they couldn't. i asked one person, what's wrong with gm? and he said there's nothing wrong with us. the economy got us. and i said what about the other auto companies? there was no answer to that. who do you work for? i work for several people. that is dead giveaway. what do you do? it was difficult. liz: it was a bloated, bloat system. >> it was. liz: it seemed to you people that worked on one portion of a car didn't understand the other parts of the car. >> that's true. liz: how did you get it all together once again? >> we got all the management people, once we changed the organization in a room and said what do we do at this company? we settled in a shor
i'm in, steve rattner. fine, president obama. actually the bailout with the auto companies started with president bush. let's get to when you first walked into the renaissance center. you started asking people, that is one of my favorite chapters in the book. tell me what you do and tell me whom you report. some people couldn't even give you a straight answer. >> that's true. they couldn't. i asked one person, what's wrong with gm? and he said there's nothing wrong with us. the economy...
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o'hara with phoenix partners group and on the fundamental side steve cortes with vercruysse. j.c., which about the charts, which indices or which sector would you prefer right now? >> well, bill, i like all equities right now, small, medium and large. a lot of people say equities have gone too far too fast and they are overbought. we remaybe in a rights wedge formation and until you break lower you have to be long. it does not pay to bet against this rally. it continues higher. what's better than the s&p? well, right now small caps are better than the s&p. small caps already broke out of a multi-year ascending triangle, and basically what that is, it's heavy, heavy resistance that was recently penetrated in the 850, 860 area for the russell 2000. strong resistance is a very strong asset to break through, and i don't want to stand in front of this bullet train. i think the momentum is positive and trends are positive and small caps will take us higher. >> steve? >> j.c. in, general the bigger guys one and i think the bigger guy will win in the bat of the index. i don't like th
o'hara with phoenix partners group and on the fundamental side steve cortes with vercruysse. j.c., which about the charts, which indices or which sector would you prefer right now? >> well, bill, i like all equities right now, small, medium and large. a lot of people say equities have gone too far too fast and they are overbought. we remaybe in a rights wedge formation and until you break lower you have to be long. it does not pay to bet against this rally. it continues higher. what's...
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melissa: steve, wow, quite a story m thanks so much. now turning to today's market moment. the blizzard slamming the northeast led to a quiet day on the wall street. dow briefly crossed the 14,000 mark, all three majors posted modest gains. the dow, however, snapped a five-week winning streak. meanwhile, nasdaq and s&p 500 had sixth straight weekly gains. next on "money," the roof is blown off in a legal arms smuggling operation by iran, but it reveals a bigger plot to shake up the middle east. we have alarming details coming up. plus, blizzards are annoying, but this time it is personal. why this massive storm is making one very sad 5-year-old boy in florida. more "money" straight ahead. ♪ all stations come over to mission a for a final go. this is for real this time. step seven point two one two. rify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond it. siemens. answers. but that doesn't mean i don't want to make
melissa: steve, wow, quite a story m thanks so much. now turning to today's market moment. the blizzard slamming the northeast led to a quiet day on the wall street. dow briefly crossed the 14,000 mark, all three majors posted modest gains. the dow, however, snapped a five-week winning streak. meanwhile, nasdaq and s&p 500 had sixth straight weekly gains. next on "money," the roof is blown off in a legal arms smuggling operation by iran, but it reveals a bigger plot to shake up...
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that's something that's resonated throughout much of steve jobs' biography about walter isaacson. it's a bedrock principle of apple itself. i have to admit i have grasped about apple lately. incredibly low interest rates, that keeps it from earning a decent return for doing nothing at the moment as you used to be able to for so long. i have said that the cash itself has gone from being a positive at a time when so many companies have stretched balance sheets to a negative as it generates a small return. i have suggested they put some of the cash to work, buying the growth that many feel has been lost. perhaps buying twitter to be more moving aggressively into the social media space. or netflix for home entertainment. or even somewhat facetiously purchase amazon, with its itunes-like offers. all that said i never thought in a million years that somehow apple's become a bad actor because of its conservative ways of handling its bank hoard. i have simply thought that it should be more creative at figuring out how to put it to use. never sue for them that. einhorn said it reminds me o
that's something that's resonated throughout much of steve jobs' biography about walter isaacson. it's a bedrock principle of apple itself. i have to admit i have grasped about apple lately. incredibly low interest rates, that keeps it from earning a decent return for doing nothing at the moment as you used to be able to for so long. i have said that the cash itself has gone from being a positive at a time when so many companies have stretched balance sheets to a negative as it generates a...
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Feb 8, 2013
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while steve king, matt kibby, joe walsh, rush limbaugh, all the inhas been nants of the cuckoo nest are cscrambling because karl rove is drawing lines in the sand. want republicans to win? cut out the crazies he he's? want the democrats, stop giving them easy targets, rape candidates and witches. stop making the democrats look smart and reasonable by running stupid and crazy candidates. the joy is, i have to say this, and it's really quite funny, each of the right wing factions thinks that they are the same ones, they are the ones who have to protect the party from the others. well, tonight the duel to the death drives deeper. it's do or die, fight to the death. the winners get to run against hillary clinton. the losers get to say it's not their fault they lost. wait a minute. that doesn't make any sense. and neither does this fight on the right for the right to say you're right. with me tonight are two msnbc political analysts joy reid of the grio and david corn from "mother jones." joy, it really is a joy to watch this, to watch rove running around in some sort of new matt dillon clea
while steve king, matt kibby, joe walsh, rush limbaugh, all the inhas been nants of the cuckoo nest are cscrambling because karl rove is drawing lines in the sand. want republicans to win? cut out the crazies he he's? want the democrats, stop giving them easy targets, rape candidates and witches. stop making the democrats look smart and reasonable by running stupid and crazy candidates. the joy is, i have to say this, and it's really quite funny, each of the right wing factions thinks that they...
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Feb 3, 2013
02/13
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i'm steve usdin. welcome to "biocentury this week"." >>> your trusted source for biotechnology, information and analysis, "biocentury this week." >>> congress has postponed the debt ceiling crisis. now the focus in washington has swung back to budgets and deficits. the nation is heading toward budget sequestration. for medicare this means a 2% spending cut. but that's just a downpayment. any serious attempt to tackle the deficit must curb the increase in medicare and medicaid spending. last week a kaiser family foundation report listed 150 ideas to reduce medicare spending. the problem is almost all of
i'm steve usdin. welcome to "biocentury this week"." >>> your trusted source for biotechnology, information and analysis, "biocentury this week." >>> congress has postponed the debt ceiling crisis. now the focus in washington has swung back to budgets and deficits. the nation is heading toward budget sequestration. for medicare this means a 2% spending cut. but that's just a downpayment. any serious attempt to tackle the deficit must curb the increase...
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steve in florida. steve? >> caller: hello? >> hi, steve, you're up. >> caller: okay. b-b-b-boo-yah. >> i'm liking that completely. >> caller: i got blackrock kelso. >> i don't know blackrock kelso. no, i don't know it. i've got to do homework on it. let's go to john in washington. john? >> caller: boo-yah to the all-seeing, all-knowing great jim cramer. >> well, thank you. >> caller: you're the best, baby. you're entertaining and informative just like you say. >> i sure try. >> caller: i want to give your eagles a kudos for picking that oregon coach. he's a winner. >> chip kelly, i like him. adam schefter breaking that story with mort, what's up? go ahead. >> caller: dvax. >> we said it was a spec, it is coming back, it's now up a dollar from where it blew up. i want to stay long dvax. barbara in illinois, please, barbara? >> caller: yes, sir. >> go ahead, barb. >> caller: jim, i have a question about cognizant technology. >> oh, i like that. i like it a lot, but you know what? i saw an opportunity today, bill mcdermott's s.a.p. he's co-ceo, down from $83.60 to $80. p
steve in florida. steve? >> caller: hello? >> hi, steve, you're up. >> caller: okay. b-b-b-boo-yah. >> i'm liking that completely. >> caller: i got blackrock kelso. >> i don't know blackrock kelso. no, i don't know it. i've got to do homework on it. let's go to john in washington. john? >> caller: boo-yah to the all-seeing, all-knowing great jim cramer. >> well, thank you. >> caller: you're the best, baby. you're entertaining and informative...
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Feb 4, 2013
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. >> steve, did you do that? >> momentum's been completely changed now. >> momentum! it's completely messed up now. >> i hope there are no lip readers because toure's about to lose it. >> i'm out of here. >> yeah. so there was the blackout which was obviously bizarre and i think gave rise to potentially some great harbaugh family practical jokes in the family like at the first family dinner since the super bowl, jack goes and cuts the power as a joke. love that. >> light the producers just did. >> exactly. great guys. thanks. but it also made me think of -- it was like a super bowl brought by stefan. it has everything. brothers. beyonce. blackouts. ray lewis. >> destiny's child. >> right? yes yes yes yes yes. it was so great and weird. but all in all interesting. something to watch i think every, you know, every quarter. >> something for everyone. >> something weird happened. >> there was, those are those memories and thought there was one other professional sports team with a blackout before. >> giants. >> no. it was the boston bruins and the oilers 1980. the old bos
. >> steve, did you do that? >> momentum's been completely changed now. >> momentum! it's completely messed up now. >> i hope there are no lip readers because toure's about to lose it. >> i'm out of here. >> yeah. so there was the blackout which was obviously bizarre and i think gave rise to potentially some great harbaugh family practical jokes in the family like at the first family dinner since the super bowl, jack goes and cuts the power as a joke. love...
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expected towards the end of the year old tabor thank you for joining us today to talk about britain's steve jones and of course all the answer questions that go along with that the u.s. and south korea are flexing their military muscles in the east china sea i made fears north korea is preparing for another nuclear test seoul said the drills are part of regular military training while pyongyang claims it's a plot to target human rights law and co-founder of the national campaign to end the korean war every concerns washington's making an already inflammatory situation that was. it's the worst thing you can do under these circumstances is to inflame volatile situation to conduct these military exercises that always inflame that use live ammunition up and down the border with north korea this is inflammatory on a lot of levels and we need to step back these naval exercises it's like a race to the bottom if you will when are we going to get more creative in the way that we resolve conflict in this world this conflict gives us such an opportunity with a new secretary of state new leader in sout
expected towards the end of the year old tabor thank you for joining us today to talk about britain's steve jones and of course all the answer questions that go along with that the u.s. and south korea are flexing their military muscles in the east china sea i made fears north korea is preparing for another nuclear test seoul said the drills are part of regular military training while pyongyang claims it's a plot to target human rights law and co-founder of the national campaign to end the...
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Feb 4, 2013
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bill, the upcoming iowa senate race, they are looking at that as a case where congress steve king could win the republican primary but lose the general. if you look at just iowa how brutal can it get there? >> i think it could get very brutal. who is karl rove kidding in many ways? this is who the republican party is today. this is who they are. todd akin, right, he was no outsider. he was the republican endorsed candidate. sharon engel in nevada, christine o'donnell in delaware. they were the republican's choice candidate. so karl rove pretending to be holy than thou i don't think we ought to fall for it. >> jennifer: jason on the subject of republican primaries today, south carolina republican state senator lee bright told row call that he is leaning towards a challenge against republican lindsay graham. do you expect that graham will end up tacking even further to the right? because he certainly has tacked to the right over the past couple of years. >> this challenge is an absolute nut case. lindsay graham he'll do the old john lovett thing, i can't believe i'm losing to this guy. le
bill, the upcoming iowa senate race, they are looking at that as a case where congress steve king could win the republican primary but lose the general. if you look at just iowa how brutal can it get there? >> i think it could get very brutal. who is karl rove kidding in many ways? this is who the republican party is today. this is who they are. todd akin, right, he was no outsider. he was the republican endorsed candidate. sharon engel in nevada, christine o'donnell in delaware. they...
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you steve. it's. easy to. say. play. play pick up a. player. play play. play play. play. play play play. the behave. today i want to explore a country i have yet to talk about on the show ali you may have missed what's going on in the north african nation and the hype of the presidential inauguration in the super bowl but three weeks ago france initiated a military intervention seeking to eliminate terrorist threats in the country in the time since the french led operation has invoked tactics such as air strikes and mass arrests to bring down islamic militants all of course of the support of the u.s. military and while the short term strategy is playing out on the ground the u.n. african union and other world leaders met today to talk about how do achieve peace and stability in the long term but while their bombing for peace strategy really hold in a volatile nation already stricken with poverty and violence top of the game from inside i'm now joined by eugene puryear editorial board for liberation thank you so much for thank you so eugene i want to start off by playing d
you steve. it's. easy to. say. play. play pick up a. player. play play. play play. play. play play play. the behave. today i want to explore a country i have yet to talk about on the show ali you may have missed what's going on in the north african nation and the hype of the presidential inauguration in the super bowl but three weeks ago france initiated a military intervention seeking to eliminate terrorist threats in the country in the time since the french led operation has invoked tactics...
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steve tweets, hi, with an exclamation point. wonder if coal is dead, particularly arch coal or is there some hope long-term? >> it was a disasers of a quarter. the only good news, 35 million trades, seven times normal volume. there's still better places to be if you want to play coal. play it with the rails. we talked about it for awhile. ksu. >> and tim, jared tweets to you -- >> jared? what's up buddy. >> finally people are starting to realize apple is too cheap. maybe buffett is watching? >> well, jared, come on. apple is cheap. 10 1/2 times is very tough. but buffett jumping in to be a savior this is not goldman sachs in the middle of the crisis. no way. >> way to tell jared. got your first move tomorrow when we come right back. stay tuned. oh this is lame, investors could lose tens of thousands of dollars on their 401(k) to hidden fees. is that what you're looking for, like a hidden fee in your giant mom bag? maybe i have them... oh that's right i don't because i rolled my account over to e-trade where... woah. okay... they
steve tweets, hi, with an exclamation point. wonder if coal is dead, particularly arch coal or is there some hope long-term? >> it was a disasers of a quarter. the only good news, 35 million trades, seven times normal volume. there's still better places to be if you want to play coal. play it with the rails. we talked about it for awhile. ksu. >> and tim, jared tweets to you -- >> jared? what's up buddy. >> finally people are starting to realize apple is too cheap. maybe...
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let's go straight to chicago where steve liesman, i believe, steve, you are joined by a very special guest. >> yes, mandy, thanks very much. i'm here with chicago fed president charlie evans. charlie, thanks for joining us. >> thanks for being here. >> so you sort of started a revolution in central banking about a year or so ago when you started talking about economic targets. the federal reserve is using it. they're talking about using it in england. they started to use it more in japan. are you satisfied with the way the federal reserve has implemented so far? >> i think we have pretty appropriate policies in place right now. i think that moving into economic conditionality, clear conditionality, as to how long our policies will be in place. the one thing we really want to make sure everybody understands is monetary policy will continue to be accommodative until things improve substantially, and we get out of this slow growth economy. so i'm extremely pleased with where we are. >> when you say clear, there are some who say it's anything but. it's clear when it comes to raising inte
let's go straight to chicago where steve liesman, i believe, steve, you are joined by a very special guest. >> yes, mandy, thanks very much. i'm here with chicago fed president charlie evans. charlie, thanks for joining us. >> thanks for being here. >> so you sort of started a revolution in central banking about a year or so ago when you started talking about economic targets. the federal reserve is using it. they're talking about using it in england. they started to use it...
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Feb 1, 2013
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i ran into steve liesman there. he wanted to get me out for a drink, but you know how hard that is. anyway, you know, i think that the consensus is that the crisis is behind us. not just the european crisis but the whole crisis. and this relief we are having gives a sense of euphoria and is pushing us higher. and i don't see anything standing in the way after serious pull back until we get saip up around 1575 and then i think we're going to out for a while. >> for the investors perspective bb what is the best way to play those game you are predicting. >> well i am still bullish on equities. in december you asked me for a crazy ada and i told you pain was pretty loco and it is about about 8% and we have a lot more room to run in spain. japan, given what avi is doing? japan. >> have you been talking with brian sullivan? that one of his 2013 predictions. i think he is doing his victory lap and it is only february 1st. >> i made that prediction last year. what do you think? >> i think that you're dead right, brian. if you want a job at googen hiems, giver mae heads-up. we would love to
i ran into steve liesman there. he wanted to get me out for a drink, but you know how hard that is. anyway, you know, i think that the consensus is that the crisis is behind us. not just the european crisis but the whole crisis. and this relief we are having gives a sense of euphoria and is pushing us higher. and i don't see anything standing in the way after serious pull back until we get saip up around 1575 and then i think we're going to out for a while. >> for the investors...
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now to steve for the commute. >> accident in montgomery county on perry brockway pkwy at 355. the intersection is still blocked. in springfield in has been snowing for a while. just the usual amount of volume from dale city to the springfield interchange and on to 395 up to and across the 14th street bridge. back to you. >> thank you. there will be some issues for about the next year-and-a-half. it will affect your evening commute. >> it can be daunting at first. the 11th street bridge project and has been under way. now you will really feel the effect this afternoon and it could be tough on the way home. let's get to brianne carter. >> something to watch for if you will be headed out of the city later today during the evening. just ahead of the eighth street section is where we are. the ramp to pennsylvania avenue will be closed for 18 months as part of a larger project to improve traffic at downtown. the eastbound southeast southwest freeway section has been closed connecting you to pennsylvania avenue. the closure is expected to last anywhere from 18 months to 20 months. dr
now to steve for the commute. >> accident in montgomery county on perry brockway pkwy at 355. the intersection is still blocked. in springfield in has been snowing for a while. just the usual amount of volume from dale city to the springfield interchange and on to 395 up to and across the 14th street bridge. back to you. >> thank you. there will be some issues for about the next year-and-a-half. it will affect your evening commute. >> it can be daunting at first. the 11th...
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steve king may end up being his replacement. steve king, who coined -- not coined, but uses, you know, with great impugnty the term anchor baby. saxby chambliss is leaving. john d. rockefeller leaving in west virginia. the leading goper is shelly -- murdock, again, we have this example time and time again the seat is offered up. the arch conservatives get their guy, and then maybe ashley judd or someone like her, some democrat from who, what, where, when, how comes in and ends up winning the seat. >> charlize theron is -- >> from south africa. >> oh, sorry. >> there needs to be a reconciliation here, right? as the party becomes more -- the battle lines are drawn with firmer and firmer markers, if you will, how do you build the tent big enough? >> if every republican who looks toward the center and we just have a crazy right, this is not good for our democracy. i mean, that's the bottom line with those constituents. >> iran, you're a betting woman, aren't you? >> could be. >> you could be for this moment in this television moment
steve king may end up being his replacement. steve king, who coined -- not coined, but uses, you know, with great impugnty the term anchor baby. saxby chambliss is leaving. john d. rockefeller leaving in west virginia. the leading goper is shelly -- murdock, again, we have this example time and time again the seat is offered up. the arch conservatives get their guy, and then maybe ashley judd or someone like her, some democrat from who, what, where, when, how comes in and ends up winning the...
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Feb 6, 2013
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steve grasso is with us. good to see you. >> good to see you. >> we aren't seeing a sell-off. we are seeing more consolidation. >> the other day when we chatted, we talked about the 1500 level. we still wined up above this level. so it is a huge mental level. the other day we learned that europe is still on the forefront of a lot of investors posts minds, but not overly preoccupied with the notion of the market selling off in the united states. >> what are you watching in terms of headline risks for this market right now? you mentioned europe. how high is that on your agenda for the market? >> it is a higher than it was. i thought we handled it. i'm not being facetious. i thought we handled the europe situation. i thought we stopped everything. i thought it was a nonissue. the other day it taught us, it is still there and still a risk. >> are you worried about washington? with the sequester moving large? >> you could have asked me that six months ago, i would have said it is a huge issue. but even though we do have divided government, it seems as though, maybe it doesn't look
steve grasso is with us. good to see you. >> good to see you. >> we aren't seeing a sell-off. we are seeing more consolidation. >> the other day when we chatted, we talked about the 1500 level. we still wined up above this level. so it is a huge mental level. the other day we learned that europe is still on the forefront of a lot of investors posts minds, but not overly preoccupied with the notion of the market selling off in the united states. >> what are you watching...
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you have just announced publicly the other day you had a wonderful stock option from steve jobs who was your friend and who you were on his board. you bought a television channel and rekristened it as the current tv and you just sold that and made a handsome profit. you sold to al jazeera and people take note of the fact that al jazeera is in part subsidized or sponsed by the qatar government. >> uh-huh. >> rose: did that cause you a moment of saying look f i do this, if i sell to them, even though i will make a handsome profit, people are going to say oh, i wish you had found a better buyer. >> well, i did extensive diligence on that whole question. of course i understand that critique which was then a potential critique, absolutely. but what the diligence showed very clearly is that al jazeera has longince esblished itself as an immensely respected news gathering network around the world. it's won the major journalism award in countries after country. it is respected as having integrity. on its climate reporting, for example, it's higher quality and far more expensive than any. u.s. n
you have just announced publicly the other day you had a wonderful stock option from steve jobs who was your friend and who you were on his board. you bought a television channel and rekristened it as the current tv and you just sold that and made a handsome profit. you sold to al jazeera and people take note of the fact that al jazeera is in part subsidized or sponsed by the qatar government. >> uh-huh. >> rose: did that cause you a moment of saying look f i do this, if i sell to...
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the man who runs nokia, former microsoft executive, friend of steve ballmer. we know microsoft sniffed around rim. do you think there is a chance that they do more than partner up? you think microsoft could make a move for nokia to buy? >> i guess anything could happen. i wouldn't go into the stock expecting that to happen. what i would do is say okay, of all my speculative money i have to work with, i think nokia is here. i would work with the stop at like three bucks. i wouldn't take more than 25% risk. i think if it heads below 3, something major could be wrong. >> right. >> and perfect timing for this segment. we just flashed up a moment ago the fact that blackberry has the best ever for blackberry in canada yesterday. i want it pose, and i'm also kind of stealing your thunder because it is one of your 2013 predecks and a speculative prediction about maybe oracle making a play. what do you reckon, jeff? >> well, acquiring companies the last 24 months, i wouldn't play that out of the realm, mandy. remember a couple years ago, at 50, $50, and they got very c
the man who runs nokia, former microsoft executive, friend of steve ballmer. we know microsoft sniffed around rim. do you think there is a chance that they do more than partner up? you think microsoft could make a move for nokia to buy? >> i guess anything could happen. i wouldn't go into the stock expecting that to happen. what i would do is say okay, of all my speculative money i have to work with, i think nokia is here. i would work with the stop at like three bucks. i wouldn't take...
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. >> more of an example that this is not steve jobs' apple anymore. that's for sure. >> stock up 2%. big move there on that move. scott, thanks very much. despite the comeback being staged this afternoon among the major averages, we're still on pace for the first week over week loss for those averages this year. josh lipton has more details on that. josh? >>. >> reporter: hey, bill. u.s. stocks on track to finish in the red today, so is this the correction we've been expecting? money managers have been warning of a pullback. even bulls think we could see some consolidation of recent gains. their concerns, one, bullish sentiment is still high at 42.8%, still above its historical average which could be a contrarian sell signal and you should take a look at the s&p 500 and the high shars, high field index. also spoke with jason lee of jpmorgan, he's actually watching high yield spreads. he said they widen around the equity selloff. since father 28th they have widened 30 basis point. lee is paying close attention but isn't worried yet. spreads widened at
. >> more of an example that this is not steve jobs' apple anymore. that's for sure. >> stock up 2%. big move there on that move. scott, thanks very much. despite the comeback being staged this afternoon among the major averages, we're still on pace for the first week over week loss for those averages this year. josh lipton has more details on that. josh? >>. >> reporter: hey, bill. u.s. stocks on track to finish in the red today, so is this the correction we've been...